New SWIFT joint venture to set up localised data warehouse for China's central bank

MC

Mirela Ciobanu

24 Mar 2021 / 5 Min Read

The localised data warehouse aims to monitor and analyse cross-border payment messaging. Due to unstable connectivity reported by some small Chinese banks affecting cross-border transactions, the new entity Finance Gateway Information Services will build a localised network to ensure a more stable, resilient, and secure connection to the main SWIFT network, the central bank added.

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MC

Mirela Ciobanu

24 Mar 2021 / 5 Min Read

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